XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.25.1

Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2025
Segment Reporting [Abstract] |
Segment Information | Note 10 – Segment Information Operating segments are defined as components of an entity for which separate financial information is available and that is regularly provided to the Chief Operating Decision Maker (CODM) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s Chief Executive Officer is the Company’s CODM. The CODM reviews financial information presented by operating segment in making operating decisions, allocating resources, and evaluating financial performance. During the three months ended March 31, 2025, the Company conducted the business through two primary operating segments: Drones and Sensors. During the year ended December 31, 2024, our SaaS segment ceased operations and did not renew any of its software subscription. Transactions in this segment during 2025 will consist of run off related expenses until this segment is fully shut down. The accounting policies of the operating segments are the same as those described in Note 2. Non-allocated administrative and other expenses are reflected in Corporate. Corporate assets include cash, prepaid expenses, right-of-use asset and other assets. As of March 31, 2025 and December 31, 2024 and for the years then ended, operating information about the Company’s reportable segments consisted of the following: AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024 (UNAUDITED) Goodwill and Assets Schedule of Goodwill and Assets
|  | Corporate |  |  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
As of March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | — |  |  | $ | — |  |  | $ | 4,459,644 |  |  | $ | — |  |  | $ | 4,459,644 |
Assets |  | $ | 3,997,838 |  |  | $ | 6,684,693 |  |  | $ | 9,539,733 |  |  | $ | — |  |  | $ | 20,222,264 |
As of December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | — |  |  | $ | — |  |  | $ | 4,459,644 |  |  | $ | — |  |  | $ | 4,459,644 |
Assets |  | $ | 3,804,628 |  |  | $ | 7,028,158 |  |  | $ | 9,744,152 |  |  | $ | 4,616 |  |  | $ | 20,581,554 |
Net Income (Loss) Schedule of Net (Loss) Income
|  | Corporate |  |  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
Three months ended March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | — |  |  | $ | 2,233,409 |  |  | $ | 1,416,001 |  |  | $ | — |  |  | $ | 3,649,410 |
Cost of sales |  |  | — |  |  |  | 847,202 |  |  |  | 668,390 |  |  |  | — |  |  |  | 1,515,592 |
Compensation and related expenses |  |  | 299,012 |  |  |  | 959,694 |  |  |  | 321,400 |  |  |  | — |  |  |  | 1,580,106 |
Professional fees |  |  | 83,938 |  |  |  | 115,847 |  |  |  | 64,213 |  |  |  | — |  |  |  | 263,998 |
Other operating expenses |  |  | 548,002 |  |  |  | 476,942 |  |  |  | 241,837 |  |  |  | 25,478 |  |  |  | 1,292,259 |
Income (loss) from operations |  | $ | (930,952 | ) |  | $ | (166,276 | ) |  | $ | 120,161 |  |  | $ | (25,478 | ) |  | $ | (1,002,545 | )
Other income (expense), net |  |  | 7,885,614 |  |  |  | (9,195 | ) |  |  | 186,165 |  |  |  | — |  |  |  | 8,062,584 |
Net income (loss) |  | $ | 6,954,662 |  |  | $ | (175,471 | ) |  | $ | 306,326 |  |  | $ | (25,478 | ) |  | $ | 7,060,039 |
Three months ended March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | — |  |  | $ | 1,146,612 |  |  | $ | 2,633,540 |  |  | $ | 114,295 |  |  | $ | 3,894,447 |
Cost of sales |  |  | — |  |  |  | 687,231 |  |  |  | 1,189,328 |  |  |  | 63,466 |  |  |  | 1,940,025 |
Compensation and related expenses |  |  | 266,754 |  |  |  | 1,339,689 |  |  |  | 189,951 |  |  |  | 148,410 |  |  |  | 1,944,804 |
Professional fees |  |  | 172,324 |  |  |  | 263,769 |  |  |  | 92,698 |  |  |  | 130,612 |  |  |  | 659,403 |
Other operating expenses |  |  | 446,506 |  |  |  | 835,685 |  |  |  | 269,066 |  |  |  | 192,846 |  |  |  | 1,744,103 |
Income (loss) from operations |  | $ | (885,584 | ) |  | $ | (1,979,762 | ) |  | $ | 892,497 |  |  | $ | (421,039 | ) |  | $ | (2,393,888 | )
Other income (expense), net |  |  | (3,961,907 | ) |  |  | 54,197 |  |  |  | (13,989 | ) |  |  | — |  |  |  | (3,921,699 | )
Net income (loss) |  | $ | (4,847,491 | ) |  | $ | (1,925,565 | ) |  | $ | 878,508 |  |  | $ | (421,039 | ) |  | $ | (6,315,587 | )
Note 10 – Segment Information– Continued Revenues by Geographic Area Schedule of Geographical Revenues
|  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
Three Months Ended March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 380,940 |  |  | $ | 419,091 |  |  | $ | — |  |  | $ | 800,031 |
Latin America |  |  | 330,690 |  |  |  | 43,934 |  |  |  | — |  |  |  | 374,624 |
Europe, Middle East and Africa |  |  | 1,484,547 |  |  |  | 750,191 |  |  |  | — |  |  |  | 2,234,738 |
Asia Pacific |  |  | 37,232 |  |  |  | 149,992 |  |  |  | — |  |  |  | 187,224 |
Other |  |  | — |  |  |  | 52,793 |  |  |  | — |  |  |  | 52,793 |
Total |  | $ | 2,233,409 |  |  | $ | 1,416,001 |  |  | $ | — |  |  | $ | 3,649,410 |
|  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
Three Months Ended March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 575,143 |  |  |  | 799,551 |  |  |  | 106,745 |  |  |  | 1,481,439 |
Latin America |  |  | 225,834 |  |  |  | 126,438 |  |  |  | 5,185 |  |  |  | 357,457 |
Europe, Middle East and Africa |  |  | 331,443 |  |  |  | 1,360,879 |  |  |  | 247 |  |  |  | 1,692,569 |
Asia Pacific |  |  | 14,192 |  |  |  | 321,279 |  |  |  | 1,870 |  |  |  | 337,341 |
Other |  |  | — |  |  |  | 25,393 |  |  |  | 248 |  |  |  | 25,641 |
Total |  | $ | 1,146,612 |  |  |  | 2,633,540 |  |  |  | 114,295 |  |  |  | 3,894,447 |
AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024 (UNAUDITED)

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 9: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 10: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration